ADP Acknowledges Hack

Third Financial Corp. to be Targeted Recently
ADP Acknowledges Hack
Automatic Data Processing Inc. is the latest financial company to announce an attack on its internal systems.

The world's largest payroll processor on June 15 announced that it had become the latest big financial company attacked by cyber criminals.

According to a corporate statement, ADP is investigating a data breach that infiltrated the company's system after a hacker compromised one of ADP's clients at Workscape, a benefits administration provider that ADP recently acquired. "The intrusion, which occurred on a non-payroll legacy platform that is no longer sold by ADP's benefits administration business, was detected by the ADP security team during routine system monitoring," ADP says.

So far, ADP believes the intrusion only affected the client that was breached. "ADP immediately notified the client to make the client aware of the situation, and continues to take all appropriate measures to investigate and to help mitigate any issues."

ADP did not name the client but said it is actively working with law enforcement to determine the cause of the incident.

The ADP breach follows a list of recent attacks, including similar breaches at other financial companies such as Citigroup and International Monetary Fund. [See Citi Breach Exposes Card Data.]

In the Citi hack, attackers infiltrated Citi's online banking platform, which could have exposed personally identifiable information about hundreds of thousands of Citi customers. At IMF, a multinational organization that supports global monetary cooperation, financial stability and international trade, the hack is likely to have exposed confidential information about numerous countries in financial trouble.

ADP, based in Roseland, N.J., manages payroll systems and provides other services, such as administering benefits programs and providing computer services to car dealers. The company has about 550,000 clients.

About the Author

Tracy Kitten

Tracy Kitten

Former Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

Kitten was director of global events content and an executive editor at ISMG. A veteran journalist with more than 20 years of experience, she covered the financial sector for over 10 years. Before joining Information Security Media Group in 2010, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by, ABC News, and MSN Money.

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